TIDMTSG

RNS Number : 0052U

Trans-Siberian Gold PLC

19 October 2017

Trans-Siberian Gold plc

("TSG" or the "Company")

Q3 Production Update

Trans-Siberian Gold plc (TSG.LN) announces its production update at the Asacha Gold Mine for the three months to 30 September 2017 ("Q3" or the "Period").

Highlights:

   --      37% increase in gold production: 10,573oz (Q3 2016: 7,727oz) 
   --      In the first nine months of 2017, the Company produced 24,470oz of gold 
   --      The Company is on track to meet its FY2017 production guidance of 32,000oz - 36,000oz 
   --      21% increase in average gold grade: 7.4g/t (Q3 2016: 6.1 g/t) 
   --      15% increase in ore processed: 47,504 tonnes (Q3 2016: 41,481 tonnes) 
   --      No lost time injuries for the Period

Production Summary:

Mining and production data for the Period at Asacha is shown in the following table:

 
                         Q3-2017     Q3-2016   Y-on-Y change 
 -------------------------------  ----------  -------------- 
 Mine development 
  (m)                   1,499.30    1,326.10             13% 
 Ore extracted, 
  tonnes               48,662.90   43,251.50             13% 
 Ore processed, 
  tonnes                  47,504      41,481             15% 
 Grade, gold, 
  g/t                        7.4         6.1             21% 
 Grade, silver, 
  g/t                       13.3        11.9             12% 
 Recovery, gold, 
  %                        94.53       95.27             -1% 
 Recovery, silver, 
 %                         78.62       81.88             -4% 
 Gold in dore 
  (oz)                    10,573       7,727             37% 
 Silver in dore 
  (oz)                    15,703      12,867             22% 
 Gold refined 
  (oz)                     9,006       8,330              8% 
 Silver refined 
  (oz)                    14,219      13,754              3% 
--------------------  ----------  ----------  --------------

TSG intends to provide a production update for the fourth quarter of 2017 in January 2018.

 
  Contacts: TSG 
                             +44 (0) 7799 
 Stewart Dickson                   694195 
 
                              +44 (0) 207 
 Cantor Fitzgerald Europe        894 7000 
 David Porter

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Abbreviations

   g/t        grammes per tonne 
   oz         ounce 
   m         metre

Disclaimer

This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2017 02:00 ET (06:00 GMT)

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